RGS Energy Reports Second Quarter 2014 Results

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Go back to RGS Energy Reports Second Quarter 2014 Results

RGS Energy (RGSE) Posts Q2 Loss of 46c/Share

August 19, 2014 4:05 PM EDT

RGS Energy (Nasdaq: RGSE) reported Q2 EPS of ($0.46), which may not compare with the analyst estimate of ($0.10). Revenue for the quarter came in at $35.18 million versus the consensus estimate of $29.87 million.

Loss in the same period last year was $0.82 per diluted share.

Adjusted EBITDA was negative $6.88 million, from $13.53 million posted in Q213.

Dennis Lacey, the newly appointed CEO, stated: "Since being appointed President of our Mainland Residential segment in April, we have made progress within the Residential segment; for instance, comparing the 1st quarter to... More